The name Satoshi Nakamoto first appeared in a white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" in 2008, which outlined the technical framework and underlying principles of Bitcoin. The paper was released under the name Satoshi Nakamoto and was later followed by the launch of Bitcoin in 2009. Satoshi Nakamoto was involved in the development of Bitcoin until 2011 when he handed over control of the project to other developers and disappeared from public view. Attempts to uncover the true identity of Satoshi Nakamoto have been unsuccessful, leading to various speculations and theories about who may be behind the pseudonym.

We know that most likely, bitcoin in the future will be worth a lot more than bitcoin now. But this information is useless if you lose your bitcoin. Either you fall victim to a scam or you just misplaced your seedphrase. So how do we ensure that we can hold on to our bitcoin so that we can perhaps one day, enjoy the money (and possibly gains) that we worked so hard for?

So you're telling me I have to write down this random assortment of 12 or 24 english words and never show them to anyone and that list of words will secure my entire fortune? Yeah, you pretty much got it. Today we're exploring how bitcoin wallets work and the wonderful technology that is HD Wallets and BIP-39.

A Central Bank Digital Currency, or CBDC for short, is a digital version of a fiat currency that is issued directly by the government/central bank. People often confuse CBDCs with cryptocurrencies since they are both digital in nature, but that's about where the similarities end. CBDCs centralizes power to one entity, the government, while Bitcoin decentralizes power to individuals. This difference is extremely important. CBDCs have massive potential to be abused by the government by method of locking people out of financial services at the flip of a switch, or just generally denying freedoms for individuals. Imagine that you can only buy a certain amount of a product in a given period of time, or if you're caught speeding the fine would just be taken straight out of your account. These are things that a CBDC would enable. To prevent the rise of CBDCs is a major reason why Bitcoin exists and why Bitcoin is so important.

Today we go over 3 more criticisms of Bitcoin. In particular, does Bitcoin represent or promote radical ideologies? Is Bitcoin used for crime? And, has Bitcoin failed as an inflation hedge? Today we wrap up the mini-series on responding to criticisms of Bitcoin.

Is Bitcoin worthless because it has no intrinsic value? What do I have to say to someone who says "I love blockchain but not bitcoin"? Is Bitcoin a Ponzi Scheme? I answer all these questions and more in today's episode. We're doing rapid fire mode for tackling all the arguments of the naysayers.

This week I address the age-old criticism of bitcoin and its energy usage. Is Bitcoin a worthwhile endeavour for us to be spending our electricity on, and why is it a bad idea if we switch bitcoin to another consensus method such as Proof of Stake which uses less energy? Does the pathway to a sustainable future even require that we use less energy? Since demonstrably, humans use more energy even on a per capita basis, compared to humans 1000 years ago. I answer all these questions and provide my viewpoint.

Why Bitcoin? As in, why should we choose Bitcoin specifically as the basis of our monetary system rather than something else like another digital asset or just our current existing financial system? Also, why can't something better just come along and replace Bitcoin? How can we be sure of Bitcoin's longevity?

The Byzantine Generals Problem is an issue that presents itself in distributed computer networks. A blockchain is an example of a decentralized distributed computer network. How do we keep such a system in sync when there is no central authority to run the network? If an outage occurs, how can a decentralized distributed network recover from such an outage? Bitcoin solves the Byzantine Generals Problem in a unique way. Bitcoin relies on a consensus model that bears the name of its creator and is aptly called the Nakamoto Consensus. 

This week we explore more moral reasons why bitcoin should succeed. Tossing aside technological and economical reasons for just a moment, what moral benefits can be derived from using Bitcoin instead of fiat as our monetary standard? Fiat requires an army to back it, which triggers an arms race between countries who want to protect their fiat currency's power. Most of the wars in human history were fought over the allocation of resources. Gold is a resource that can be forcibly taken. We'll revisit how bitcoin's "non-confiscatable" property can be used to prevent conflicts.